ProAssisting Blog

DECEMBER 14, 2023

A remote executive assistant adept in bookkeeping handles invoicing, expense tracking, payroll, and other financial tasks, maintaining the business's financial health. Financial Expertise for Optimal Bookkeeping Accurate financial management is critical.

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BMT Office Administration

MARCH 3, 2023

And now is the time to think about them, since the tax-filing deadlines for calendar-year corporate returns are fast approaching—March 15 for S corps and April 18 for C corps. For certain small businesses, however, the credit is effectively refundable , depending on the size of their payroll. For tax years beginning after Dec.

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Success

JUNE 2, 2023

In the present push for improved mental health in the workplace , your own well-being and that of those around you just might depend on your openness. For example, in the early 2010s, one Ottawa-based employee tried to push back against a concerning payroll system, but was told she “wasn’t being a team player.”

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BMT Office Administration

JUNE 16, 2023

While fortunately a rare circumstance, dealing with payroll for a recently deceased employee can be tricky. Hopefully this isn’t an issue that comes up for your payroll department often, but it’s important to know what to do, and get it right, in the event that it does happen. What pay is taxable?

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BMT Office Administration

NOVEMBER 16, 2022

1099 workers also are not generally paid through regular payroll and do not typically have taxes withheld from their checks or deposits. If you are paying someone through your normal employee payroll process with income tax withholdings, you typically need to send them a W-2. Medical and health care payments. Control number.

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BMT Office Administration

JUNE 26, 2023

The catch is that a business’s fiscal year does not have to line up with the traditional calendar year. However, to avoid confusion, most companies ensure that their fiscal year aligns with the current calendar year. It also depends on the health of the economy, as banks are less willing to give out business loans during recessions.

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BMT Office Administration

MAY 26, 2023

But doing this would have left him with a negative deduction for health insurance. Once you cross calendar years, you can’t correct income tax withholding. For example, he encountered a situation where an employee wanted 100% of his net pay to go into his 401(k) account.

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